due to technological advances and the relatively low cost associated with operating an online plat forl, these brokers can offer trades and investment advice for $7. should a fiduciary standard be applied to these brokers, the impact on investors could be higher fee prs trade, higher fees for investment advice or brokers may stop providing this investment advice to less affluent customers altogether. that is not fair. take the example of the single mother who supports her mother and wants to save for her daughter's college education. she is finally, finally saved enough money to open up and i.r.a. with $2,000 in savings. but we know that should these rules continue to be promulgated with these new washington regulations, this lady may be told she now needs $25,000 in order to open up the very same account. again, mr. speaker, patently unfair. how about a middle-aged father who works with a financial professional he wants the professional to get him access to products and ideas instead of managing his investment portfolio for him he wants to trade individual bonds but potential regulatio